Sweden News

Magnora, Kustvind Speed Up Work on 500MW Offshore Wind Farm in Sweden

Jul 03, 2020

Oslo-listed company Magnora has teamed up with Swedish wind power company to speed up the development “Sydkustens Vind”, a 500 MW shallow-water offshore wind project in the Baltic Sea, off southern Sweden.“The decision follows several studies…

Iberdrola Eyes Swedish Offshore Wind Farms

Jun 23, 2020

Spanish renewable energy giant Iberdrola has struck a deal giving it an option to acquire stakes in up to eight offshore wind projects in Sweden.Iberdrola has signed the agreement with the renewables company Svea Vind Offshore AB (SVO) for the…

Lundin to Cut Spending Further After Q1 Profit Lags

Apr 30, 2020

Sweden's Lundin Energy will cut its spending plans after a smaller-than-expected rise in first-quarter profit, the partner in Norway's Johan Sverdrup oilfield said on Thursday.Its earnings before interest and tax (EBIT) rose to $404 million…

Alfa Laval Nets Framo Pump Contracts in China, Singapore

Apr 14, 2020

Swedish company Alfa Laval has said it has won two large orders in the offshore industry space from clients in China and Singapore.Under the orders, of a combined value of around SEK 170 million (USD 17 million), Alfa Laval will deliver  Framo…

Magnora Invests Oil Money into Wind Company

Mar 06, 2020

Magnora, an Oslo-listed company, formed after oil rig designer Sevan Marine sold its business to Sembcorp, has announced an investment into a wind project development.The news comes less than a month after Magnora initially voiced its intention…

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